The Federal Government of Nigeria (FGN) Treasury Bills (TB) Primary Auction is scheduled to hold on the 18th Sept, 2013. The sum of N53.55bn worth of T-bills will mature on Thursday 19 Sept, 2013 while the same amount will be issued in 91-day and 182-day instruments. The CBN is expected to auction a total of NGN20.28bn in 91-day and NGN33.27bn in 182 day instruments.
Summary of last Bid
Note: In red are the accepted bid rates as well as the true yields.
| Auction Date | 9/5/2013 |
| Security Type | NTB |
| Tenor | 182 |
| Auction No | 05/09/2013-182 |
| Auction | OMO |
| Maturity Date | 3/16/2014 |
| Total Subscription | 105552.07 |
| Total Successful | 84018.27 |
| Range Bid | 12.6490 – 13.0900 |
| Successful Bid Rates | 12.6490 – 12.7500 |
| Description | Issue |
| Rate | 12.75 |
| True Yield | 13.6156 |
| Amtoffered | 100000 |
| Auction Date | 9/5/2013 |
| Security Type | NTB |
| Tenor | 91 |
| Auction No | 05/09/2013-91 |
| Auction | OMO |
| Maturity Date | 12/5/2013 |
| Total Subscription | 52127.27 |
| Total Successful | 22970.71 |
| Range Bid | 10.0000 – 15.0299 |
| Successful Bid Rates | 10.0000 – 10.9000 |
| Description | Issue |
| Rate | 10.9 |
| True Yield | 11.2045 |
| Amtoffered | 22970.71 |
| Auction Date | 9/5/2013 |
| Security Type | NTB |
| Tenor | 182 |
| Auction No | 05/09/2013-182 |
| Auction | OMO |
| Maturity Date | 3/6/2014 |
| Total Subscription | 66540.08 |
| Total Successful | 40000 |
| Range Bid | 10.5000 – 14.5901 |
| Successful Bid Rates | 10.5000 – 12.3400 |
| Description | Issue |
| Rate | 12.34 |
| True Yield | 13.1491 |
| Amtoffered | 40000 |
| Auction Date | 9/5/2013 |
| Security Type | NTB |
| Tenor | 364 |
| Auction No | 05/09/2013-364 |
| Auction | OMO |
| Maturity Date | 9/4/2014 |
| Total Subscription | 259567.96 |
| Total Successful | 90000 |
| Range Bid | 10.5000 – 14.2999 |
| Successful Bid Rates | 10.5000 – 12.5900 |
| Description | Issue |
| Rate | 12.59 |
| True Yield | 14.3977 |
| Amtoffered | 90000 |
| Auction Date | 9/2/2013 |
| Security Type | NTB |
| Tenor | 136 Day |
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